Maryland § 21-515
Full text of Maryland Maryland Code § 21-515, with citation guidance and answers to common questions.
§ 21-515.
Bond proceeds shall be used only to pay the cost of infrastructure improvements, including:
(1) the cost of establishing, acquiring, designing, constructing, extending, or altering infrastructure improvements;
(2) the cost of issuing bonds;
(3) payment of the principal of and interest on loans, money advances, or indebtedness incurred by the county for any purpose stated in § 21–504(a) of this subtitle, including refunding bonds previously issued; and
(4) funding of a debt service reserve fund or payment of interest before, during, or for a limited period of time after constructing the infrastructure improvements.
Frequently Asked Questions About Maryland § 21-515
What does Maryland Code § 21-515 cover?
Section 21-515 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 21-515?
A common citation format is "Maryland Code § 21-515" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 21-515 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.